JAKARTA (ISL News) - PT Jasa Armada Indonesia Tbk (IDX:IPCM) published its financial report ending on September 30, 2024. In this 9M-2024 financial report, IPCM was able to record better performance than the same period in the previous year with a revenue increase of 10.31% to IDR946.62 billion from IDR858.11 billion (YoY). IPCM also recorded an increase in profit from the previous IDR119.77 billion (YoY) to IDR121.10 billion.
IPCM's main revenue contribution was obtained from ship service services amounting to Rp873.51 billion or 92.27% of total revenue, up 15.50% (YoY). Other revenue contributions were obtained from transportation and other services amounting to Rp73.11 billion.
Revenue from ship towing services consisting of public ports amounting to IDR392.42 billion, Special Terminals (Tersus) amounting to IDR317.63 billion and Terminals for Self-Interest (TUKS) amounting to IDR163.45 billion. The increase in revenue from Public Ports and Tersus in this period experienced an increase, with an increase of 20.37% from the previous year and 39.64% compared to the 2023 period. This shows that IPCM is able to increase business volume growth in most segments. IPCM's growth is also balanced by an increase in total assets of 1.07% from IDR1.52 trillion in 2023 to IDR1.54 trillion in 9M-2024.
IPCM President Director, Shanti Puruhita said, "From the various challenges faced in 2024, we are optimistic that we can achieve better performance than before and maintain the Company's good fundamentals. Efforts to implement the Company's strategy in the form of optimizing services, fleet and crew readiness, ship maintenance and increasing cooperation with partners, renewing production equipment in the form of ship construction and the effectiveness of work patterns that prioritize safety elements in ship tugboat guidance services for the satisfaction of service users, are our commitment. "
The Company's performance up to the third quarter of 2024 has been able to be maintained from several aspects. IPCM's steps to improve cooperation with strategic partners and associations are still being actively carried out. On April 1, 2024, the Government through the Indonesian Ministry of Transportation officially delegated IPCM to carry out Ship Guidance and Towing Services in the waters of Obimayor Island-West Coast in the Extraordinary Guidance Waters of Laiwui Port, North Maluku Province.
"As a company that runs a ship guidance and towing business, IPCM, which manages 94 ships, continues to prioritize environmentally friendly principles through the use of shore connections and ship solar panels. In addition to continuing to commit to meeting the expectations of service users through quality service, IPCM also consistently provides positive and sustainable impacts for a better ecosystem," concluded Shanti.
In addition to recording positive financial performance, IPCM also continues to strengthen its contribution in supporting a sustainable ecosystem and continues to encourage the implementation of governance principles, this is shown by IPCM's achievement for the first time in winning the 2023 Annual Report Award (ARA) as the 2nd winner for the category of Non-Financial Public Companies. The award event with the theme "Internalizing Integrated Mindset Toward Sustainable Long Term Value Creation" was organized by 7 (seven) organizing agencies, namely the Financial Services Authority (OJK), the Coordinating Ministry for Economic Affairs, the Ministry of State-Owned Enterprises (BUMN), the Directorate General of Taxes of the Ministry of Finance, PT Bursa Efek Indonesia (BEI), the National Committee for Governance Policy (KNKG) and the Indonesian Institute of Accountants (IAI).
(Editor of ISL News/Corcom IPCM/JAI/email: islnewstv@gmail.com ).
